Cryptocurrency & Blockchain

The recent decision by the High Court in Luno Malaysia Sdn Bhd v Yew See Tak has revisited and overturned key findings made at the Sessions Court, raising significant questions about the duty of care owed by cryptocurrency platforms to their users in the context of unauthorised transactions. This commentary analyses the High Court’s reasoning and its implications on digital asset platforms operating under Malaysian law.

The recent decision by Sessions Court judge Sazlina Safie in the case of Yew See Tak v Luno Malaysia Sdn Bhd raises significant legal questions regarding the duty of care owed by cryptocurrency platforms to their users, particularly in the context of unauthorised transactions. This commentary will explore the legal principles underlying the judgment, the implications for financial service providers in the digital asset space, and the potential avenues for appeal.